How safe is my money invested or parked in the Cash Fund?
Unlike the existing FSM Cash Account where the monies will only be deposited with a specific bank, the money invested into the Cash Fund is deposited with several banks’ deposits issued by financial institutions in Singapore which have been stipulated to have either a minimum short-term issuer credit rating of F2 (issued by Fitch Inc.) or A2 (issued by Standard & Poor’s). Both of these are high investment grade credit ratings.
